Bella Vista & Bella Vista Waters MARKET REPORT AUTUMN 2017
Ray White Castle Hill is the proud sponsor of
Give
Take
Wel come
3
The year is now back into full swing which gives us an opportunity to examine exactly what happened to the Hills property market in 2016. Two major trends stood out. Firstly, the volume of sales across North West Sydney was significantly down and secondly that the value of properties in our market reached new heights.
We are looking forward to continuing our support of local organisations in 2017 which include local charity Give & Take as well as the Castle Hill Bowling Club. As part of the broader brand we have also committed to sponsoring the NSW Waratahs once again in the upcoming Super Rugby season and we wish them all the best.
According to Pricefinder and consistent with our own perception and analysis, Castle Hill, Kellyville and Baulkham Hills all recorded the lowest number of transactions in over 20 years which is quite remarkable. What is even more remarkable is that these three suburbs recorded the highest volume of $1,000,000 plus sales for 2016. It is clear that house prices significant increase in value is being realised and when we add in Cherrybrook which also features on the list below, it certainly appears that the North West Rail Link has had a significant impact on these prices along with a shortage of stock.
These are both exciting and interesting days within our market place and we look forward to keeping you informed as the year unfolds.
While none of us have a crystal ball it will be interesting to see if the volume of sales pick up and if so, what impact that may have on prices.
Philip Kelly and David Dowling Directors | Ray White Castle Hill
Suburb
State
Number of sales over $1M
Castle Hill
NSW
237
Kellyville
NSW
207
Baulkham Hills
NSW
200
Glen Waverley
VIC
181
Mount Waverley
VIC
166
St Ives
NSW
157
Bentleigh East
VIC
153
Doncaster East
VIC
141
Cherrybrook
NSW
132
Ryde
NSW
130
Source: The Australian December 2016
lastlast 12 months last 12 months 12 months (Apr(Apr '16(Apr '16 - Mar -'16 Mar '17) - Mar '17) '17) Based Based Based on 66 on recorded 66 onrecorded 66 recorded House House House sales sales within sales within the within the the last last 12rolling last months 12rolling months 12 months (Apr (Apr '16 (Apr '16 - and Mar -'16 Mar '17) - and Mar '17)may '17)differ Based Based onBased aon a on 12 a rolling month 12 month 12 period month period period and maymay differdiffer
Previous Previous Previous Median Median Median Price: Price: $1,385,000 Price: $1,385,000 $1,385,000 Current Current Current Median Median Median Price: Price: $1,497,500 Price: $1,497,500 $1,497,500 Previous Previous Previous Median Median Median Price: Price: $1,385,000 Price: $1,385,000 $1,385,000
fromfrom calendar from calendar calendar yearyear statistics year statistics statistics
Based Based on 165 Based onrecorded 165onrecorded 165House recorded House sales House sales compared compared sales over compared over the last the over two last the two last two rollingrolling 12 month rolling 12 month periods 12 month periods periods
Based Based onBased aon rolling a on rolling 12 a rolling month 12 month 12period month period and period and maymay and differ may differdiffer fromfrom calendar from calendar calendar yearyear statistics year statistics statistics
Based Based on 165 Based on recorded 165 onrecorded 165House recorded House sales House sales compared sales compared compared over over the last the over two last thetwo last two rolling rolling 12 month rolling 12 month periods 12 month periods periods
recen t ly sol d propert ies
months months months (Apr(Apr '16(Apr '16 - Mar -'16 Mar '17) - Mar '17) '17) Based Based Based on recorded on recorded on recorded House House House sales sales within sales within the within the 12 the 12 12 months months months (Apr (Apr '16 (Apr '16 -month Mar -'16 Mar '17) - and Mar '17)and '17)may differ Based Based onBased aon rolling a on rolling 12 a rolling month 12 month 12 period period and period maymay differdiffer fromfrom calendar from calendar calendar yearyear statistics year statistics statistics
Based Based onBased aon rolling a on rolling 12 a rolling month 12 month 12period month period and period and maymay and differ may differdiffer fromfrom calendar from calendar calendar yearyear statistics year statistics statistics
4 FLAGSTONE 4 FLAGSTONE 4 FLAGSTONE GRGR GR
3 SPRINGDALE 3 SPRINGDALE 3 SPRINGDALE RISE RISE RISE
LOMBARD LOMBARD LOMBARD PL PL PL
4 FLAGSTONE 4 FLAGSTONE 4 FLAGSTONE GRGRGR
3 SPRINGDALE 3 SPRINGDALE 3 SPRINGDALE RISE RISE RISE
LOMBARD LOMBARD LOMBARD PL PL PL
SOLD $1,815,000
SOLD $2,350,000
SOLD $1,200,000
4 FLAGSTONE GR 5 bed |CRES 3 CRES bathCRES | 3 garages 700 m² 63 63 BINGARA BINGARA 63 BINGARA
3 SPRINGDALE RISE 5 STOCK bed | FARM 4 bath | 3 AVE garages 13 13 STOCK 13 STOCK FARM FARM AVE AVE 734 m²
LOMBARD PL 4 bed | 2SPRINGFIELD bath | 2 CRES garages 25 25 SPRINGFIELD SPRINGFIELD 25 CRES CRES
63 63 BINGARA BINGARA 63 BINGARA CRES CRES CRES
13 13 STOCK STOCK 13 STOCK FARM FARM FARM AVE AVE AVE
25 25 SPRINGFIELD SPRINGFIELD 25 SPRINGFIELD CRES CRES CRES
SOLD $1,510,000 63 BINGARA CRES 4 bed | 2 bath | 2 garages 703 m²
SOLD $1,520,000 13 STOCK FARM AVE 4 bed | 2 bath | 2 garages
SOLD $1,600,000 25 SPRINGFIELD CRES 5 bed | 3 bath | 2 garages 700 m²
6 MACARTHUR 6 MACARTHUR 6Source: MACARTHUR RIDGE RIDGE RIDGE WAY WAY WAY included may or may not be sold by Ray White pricefinder.com.au | Properties
97 97 BINGARA BINGARA 97 BINGARA CRES CRES CRES
6 MACARTHUR 6 MACARTHUR 6 MACARTHUR RIDGE RIDGE RIDGE WAY WAY WAY$1,595,000 $1,595,000 $1,595,000
97 97 BINGARA BINGARA 97 BINGARA CRES CRES CRES
$1,595,000 $1,595,000 $1,595,000
Feb
2017 701 m² 4 2 2 20172017 701 m² 701 m² 4 4 2 Growth 2 2 2 # Sold Properties 2017 2017 2017 Median Sale Price Suburb 35 Days 35 Days 35 Days Feb
Feb 35 Days Feb Feb Feb 35 Days 35 Days
$1.5m
701 m² 701 m² 701 m² 4
4 STANHOPE ROW 4 STANHOPE 4 STANHOPE ROWROW 4 STANHOPE 4 STANHOPE 4 STANHOPE ROW ROW ROW
+8.1% 4
42
2
2
SOLD $1,820,000 4 STANHOPE ROW 5 bed | 3 bath | 2 garages 10 WATERSTONE CRES 733 m² 10 WATERSTONE 10 WATERSTONE CRES CRES 10 WATERSTONE 10 WATERSTONE 10 WATERSTONE CRES CRES CRES
SOLD $1,320,000
2
66
2
11 MIDDLEBROOK RISE 11 MIDDLEBROOK 11 MIDDLEBROOK RISERISE 11 MIDDLEBROOK 11 MIDDLEBROOK 11 MIDDLEBROOK RISE RISE RISE
SOLD $2,300,000 11 MIDDLEBROOK RISE 4 bed | 2 bath | 2PL garages 743 m² 7 ARABELLA 7 ARABELLA 7 ARABELLA PL PL 7 ARABELLA 7 ARABELLA 7 ARABELLA PL PL PL
SOLD $1,445,000
10 WATERSTONE CRES 7 ARABELLA PL 3 bed | 2 bath | 2 garages 248 m² 4 bed | 2 bath | 3 garages 722 m² 27 PAULA PEARCE PL 3 be WAINWRIGHT MEWS Source: pricefinder.com.au | Properties included may or may not sold by Ray White 27 PAULA 27 PAULA PEARCE PEARCE PL PL 3 WAINWRIGHT 3 WAINWRIGHT MEWS MEWS 27 PAULA 27 PAULA 27 PAULA PEARCE PEARCE PEARCE PL PL PL 3 WAINWRIGHT 3 WAINWRIGHT 3 WAINWRIGHT MEWS MEWS MEWS $1,253,000
Feb
2017 20172017 2017 2017 2017 Feb
Feb 15 Days Feb Feb Feb 15 Days 15 Days 15 Days 15 Days 15 Days
422 m²
4 422 m² 422 m² 422 m² 4
422 m² 422 m²
4 4 2 4 42
2 2 2 25 2 2 2 2 2
14 SPRINGFIELD CRES 14 SPRINGFIELD 14 SPRINGFIELD CRES CRES 14 SPRINGFIELD 14 SPRINGFIELD 14 SPRINGFIELD CRES CRES CRES
SOLD $1,350,000 14 SPRINGFIELD CRES 4 bed5| BARRABA 4 bath | 2 garages 825 m² PL 5 BARRABA 5 BARRABA PL PL 5 BARRABA 5 BARRABA 5 BARRABA PL PL PL
SOLD $1,400,000 5 BARRABA PL 4 bed | 3 bath | 2 garages 765 m² 1 PITTMAN PL 1 PITTMAN 1 PITTMAN PL PL 1 PITTMAN 1 PITTMAN 1 PITTMAN PL PL PL $1,790,000
$1,800,000
BELL A VISTA | t op 10 house sa l es ADDRESS
SOLD DATE
LAND SIZE (m2)
PRICE
1
4
STANHOPE ROW
2/7/17
733m2
$1,820,000
2
4
FLAGSTONE GR
4/8/17
700m²
$1,815,000
3
1
PITTMAN PL
12/6/16
923m²
$1,800,000
4
3
WAINWRIGHT MEWS
12/12/16
736m²
$1,790,000
5
25
SPRINGFIELD CRES
3/17/17
700m²
$1,600,000
6
97
BINGARA CRES
3/4/17
876.5m²
$1,595,000
7
13
STOCK FARM AVE
3/22/17
757.4m²
$1,520,000
8
63
BINGARA CRES
3/25/17
703m²
$1,510,000
9
7
ARABELLA PL
1/24/17
721.5m²
$1,445,000
10
90
BINGARA CRES
2/16/17
700.9m²
$1,395,000
Properties included may/may not be sold by Ray White
BELL A VISTA WAT ERS | t op 10 house sa l es ADDRESS
SOLD DATE
LAND SIZE (M2)
1
59
NORTHRIDGE AVE
11/17/2016
818m²
$ 2,580,000
2
15
DE VILLIERS RISE
11/30/2016
956m²
$ 2,550,000
3
10
WOODBRIDGE PLACE
12/5/2016
810m²
$ 2,550,000
4
3
SPRINGDALE RISE
4/6/2017
734m²
$ 2,350,000
5
19
NORTHRIDGE AVE
3/27/2017
749m²
$ 2,335,000
6
11
MIDDLEBROOK Rise
2/6/2017
743m²
$ 2,300,000
7
10
MONTPELLIER RISE
11/30/2016
1046m²
$ 2,000,000
8
3
THE POINTE
2/7/2017
422m²
$ 1,850,000
9
16
THE POINTE
11/4/2016
421.5m²
$ 1,600,000
10
10
WATERSTONE CRES
1/24/2017
248m²
$ 1,320,000
Properties included may/may not be sold by Ray White
PRICE
7
Urba n Design P l a n f or ne w R a il Northwest Rapid Transit has prepared an Urban Design and Corridor Landscape Plan (UDCLP) for the Sydney Metro Northwest project.
Artist impression of Castle Hill urban design and landscaping
The plan outlines the architectural and landscape design proposed for the new stations and precincts of the Sydney Metro Northwest. It describes what the new stations, services facilities and precincts from Cudgegong Road Station to the Epping Services Facility will look like when completed. The plan provides an overview of how each station and precinct will align features of the landscape and architectural design. In summary, how NRT will deliver: •
Stations (open cut, elevated and underground), that meet functional and operational requirements and embrace the character of the local community.
•
Stations that integrate with the adjacent precinct and maximise the potential to derive social cultural economic and environmental benefits for the community over the long term.
•
Landscaping at each site that is designed to benefit the local environment and community. Our focus is on landscaping that is: respectful of natural and cultural settings both local and regional - and designed to mitigate the impact of the new infrastructure, including repairing disturbed ecosystems and providing sustainable settings.
•
Functional stations and precincts designed to promote pedestrian and cyclist access and facilitate multi-modal transport integration.
medi a n house p rices
9
12
$2,200,000
11 10
$2,000,000
9 $1,800,000
8
$1,600,000
6 5
$1,400,000
4 3
$1,200,000
2 1
$1,000,000
SALE MONTH
Number of sales
Median sale price
MAR
FEB
JAN 2017
DEC
NOV
OCT
SEP
AUG
JUL
JUN
MAY
APR
0
NUMBER OF SALES
MEDIAN SALE PRICE
7
unders ta nding t he marke t
RENT VS OWN OWN
PURCHASED
RENT GOV.
RENT PRIV.
36.2% 0.4%
44.4% 16.4%
POPULATION UNDER 15
19.4%
15 - 65
65+
65.8%
14.8%
YOUR T E A M David Dowling 0421 051 029
Philip Kelly 0407 000 991
Daniel Llamas 0421 908 736
Peter Iann 0488 002 222
Hilda Bandiera 9680 2255
Paul Conti 0414 981 005
Karl Anthony 0457 120 174
Aroha Gilbert 0412 067 934
Hannah Dowling 9680 2255
Kieron Stedman 0433 124 734
Odette Roach 9680 2255
Joel Simpson 0450 907 598
Jose Reyna 0414 914 127
Matthew Langdon 0431 037 478
Laura Robertson 9680 2255
Joseph Meyer 0417 675 741
Ray White Castle Hill 02 9680 2255 287C Old Northern Rd, Castle Hill NSW 2154
raywhitecastlehill.com.au